Proposed 2018 Tax Rates, 2017 Year-End Tax Planning Series

December 20, 2017
Jessica Fine, Tax Partner and Karen Ritchie, Tax Principal

House Bill: 2018 federal individual income tax rates and brackets:

Tax Rate

Single

Married Filing Jointly

Married Filing Separately

Head of Household

12%

$0 to $45,000

$0 to $90,000

$0 to $45,000

$0 to $67,500

25%

$45,001 - $200,000

$90,001 - $260,000

$45,001 - $130,000

$67,501 - $200,000

35%

$200,001 - $500,000

$260,001 - $1,000,000

$130,001 - $500,000

$200,001 - $500,000

39.6%

Over $500,000

Over $1,000,000

Over $500,000

Over $500,000

         

Senate Plan: 2018 federal individual income tax rates and brackets:

Tax Rate

Single

Married Filing Jointly

Married Filing Separately

Head of Household

10%

$0 to $9,525

$0 to $19,050

$0 to $9,525

$0 to $13,600

12%

$9,526 - $38,700

$19,051 - $77,400

$9,526 - $38,700

$13,601 - $51,800

22%

$38,701 - $70,000

$77,401 - $140,000

$38,701 - $70,000

$51,801 - $70,000

24%

$70,001 - $160,000

$140,001 - $320,000

$70,001 - $160,000

$70,001 - $160,000

32%

$160,001 - $200,000

$320,001 - $400,000

$160,001 - $200,000

$160,001 - $200,000

35%

$200,001 - $500,000

$400,001 - $1,000,000

$200,001 - $500,000

$200,001 - $500,000

38.5%

Over $500,000

Over $1,000,000

Over $500,000

Over $500,000

For Further Information
Jessica Fine
T: 714.361.7612
F: 714.361.7601
Jessica.Fine@hcvt.com
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